Alibaba Group Holding Limited (NYSE: BABA) is 36.07% higher on its value in year-to-date trading and has touched a low of $58.01 and a high of $136.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BABA stock was last observed hovering at around $116.58 in the last trading session, with the day’s gains setting it 3.28% off its average median price target of $992.85 for the next 12 months. It is also 91.98% off the consensus price target high of $1495.35 offered by 60 analysts, but current levels are 76.22% higher than the price target low of $503.95 for the same period.
Currently trading at $119.86, the stock is 18.36% and 33.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.03 million and changing 2.81% at the moment leaves the stock 30.58% off its SMA200. BABA registered -6.17% loss for a year compared to 6-month loss of 14.01%.
The stock witnessed a 37.52% gain in the last 1 month and extending the period to 3 months gives it a 68.18%, and is 5.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.65% over the month.
Alibaba Group Holding Limited (BABA) has around 243903 employees, a market worth around $308.65B and $126.87B in sales. Current P/E ratio is 165.55 and Fwd P/E is 13.07. Profit margin for the company is 1.60%. Distance from 52-week low is 106.62% and -12.35% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
Alibaba Group Holding Limited (BABA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alibaba Group Holding Limited (BABA) is a “Buy”. 60 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 9 think it is a “Overweight”. 46 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alibaba Group Holding Limited is expected to release its quarterly report on 05/18/2023.The EPS is expected to shrink by -58.40% this year.
Alibaba Group Holding Limited (BABA) Top Institutional Holders
The shares outstanding are 2.65B, and float is at 2.65B with Short Float at 2.11%.
Alibaba Group Holding Limited (BABA): Who are the competitors?
The company’s main competitors (and peers) include Overstock.com Inc. (OSTK) that is trading -53.91% down over the past 12 months. eBay Inc. (EBAY) is -25.09% down on the 1-year trading charts.